Can A 'gold Card' Program Visa Spur Investment In The U.s. Economy?

President Donald Trump is planning a "gold card" visa with a potential pathway to U.S. citizenship for 5 million .

The program would replace an existing program that offers U.S. visas to investors who spend about 1 million on a company that employs at least 10 people. And it echoes similar "golden visa " programs in countries such as Canada, New Zealand, Malta and others that have allowed participants to pay a fee or make an investment in order to secure a pathway to residency in desirable places.

"Golden visa" programs all have different frameworks and paths to permanent residency and have had mixed results in spurring investment in a country's economy.

Who will qualify for a 'gold card'?

Commerce Secretary Howard Lutnick has said Trump's gold card would replace an existing program in two weeks , so details about who would qualify and what the application process would look like should be available before then. For now, all Trump has said is they will cost 5 million.